Indianapolis-based Specialty Coating Systems Inc. has been acquired for an undisclosed price by Berwind Corp., a Philadelphia-based private investment manager.
Specialty Coating was owned by Bunker Hill Capital LP of Boston, which had acquired it from Rhode Island-based Cookson Electronics in December 2005.
Specialty Coating has nine facilities in the Americas, Europe and Asia that coat medical devices, electronics, auto parts and military gear with polyxlene polymers. The material resists conduction of electricity.
Approximately 120 of the company's 365 employees are in Indianapolis.